𝓪𝓬𝓬 based
808 posts
Breakout in SF has been super bullish. Very optimistic about $TAO... haven't felt this way since the early days of Bitcoin and Solana. Thinking about writing a longer form post on my thoughts and discoveries so far, who's interested?
In October, we projected that, in a bull-case scenario, HIP3 would represent 20% of Hyperliquid's volume by the end of Year 1. We're 5 months into the first year of HIP3. Similar to our valuation of Hyperliquid, we weren't bullish enough. - On Jan 1st, HIP3 volume accounted for 0.2% of all Hyperliquid Volume. - Over the last month (2/10-3/10), HIP3 averaged >30% of Hyperliquid's total volume, primarily driven by Oil (WTI and Brent), XYZ100, Silver, and Gold markets. - Additionally, @tradexyz is now the third largest perp DEX by open interest. Not only does this represent product-market fit for HIP3 and RWA perps, but trade[XYZ] (and, by default, Hyperliquid) are the most successful RWA protocols we've ever had in crypto. An incredible accomplishment for an otherwise dreary market.
Someone has opened a $2,788,820 oil short position with 3x leverage. Liquidation Price: $119.3
